By Manas Mishra and Michael Erman (Reuters) -Johnson & Johnson on Tuesday rescinded its forecast for sales of its COVID-19 vaccine, as hesitancy in low income countries has led to a glut of supply of a shot once hoped to be the inoculation of choice for the developing world. The company had previously predicted as …
J&J pulls COVID vaccine sales forecast due to low demand, supply glut Read More »
LONDON (Reuters) – Deliveroo will appeal a French court ruling that said it had abused the freelance status of its riders, which resulted in a 375,000 euro fine and suspended sentences and additional fines for two of its former bosses, a spokesperson said. “Deliveroo will appeal this decision,” a spokesperson for the British food delivery …
Deliveroo to appeal French ruling it abused the rights of its riders Read More »
By Christoph Steitz FRANKFURT (Reuters) -Siemens Energy is reviewing its full-year outlook after wind turbine division Siemens Gamesa unveiled deeper-than-expected operating problems and rising costs that together triggered a substantial quarterly loss. Siemens Energy also said the operating environment had become more challenging due to the war in Ukraine as well as sanctions imposed on …
Siemens Energy reviews outlook as troubles at wind division deepen Read More »
NEW YORK (Reuters) -Asset management firm T. Rowe Price plans to close to new investors its Emerging Europe Fund starting from May 9, it said in a regulatory filing this week, after marking the fund’s Russian securities down to zero last month. The $30 million fund, which invests at least 80% of its assets in …
T. Rowe Price to close to new investors fund that invested in Russian securities Read More »
By Andrea Shalal WASHINGTON (Reuters) – Russia’s economy will not recover anytime soon from sweeping sanctions imposed by Western nations over its war in Ukraine, and could see further damage if those sanctions are expanded to hit energy exports, the new chief economist of the International Monetary Fund said Tuesday. Pierre-Olivier Gourinchas, who joined the …
By Andres Gonzalez and Isla Binnie MADRID (Reuters) -British renewable power generator and network operator SSE has agreed to buy a portfolio of onshore wind development projects from Siemens Gamesa, the company said on Tuesday confirming a Reuters report. SSE Plc will pay 580 million euros ($626 million) for the wind farm projects, which have …
SSE buys portfolio of wind projects from Siemens Gamesa for 580 million euros Read More »
By John Revill ZURICH (Reuters) – The Swiss National Bank sees the current increase in inflation as a temporary phenomenon, Chairman Thomas Jordan said on Tuesday, although the central bank would keep a close eye on the situation. Central banks including the U.S. Federal Reserve and the Bank of England have started raising interest rates …
Swiss National Bank chairman sees inflation rise as temporary Read More »
(Reuters) – Russia is working on a plan to construct oil storage facilities and new exporting outlets, which would help it offset sanctions that have hampered its oil sales, officials said on Tuesday. Russia has struggled with sales of its crude oil and oil products as sanctions over Ukraine have complicated financing of trade deals …
Russia eyes construction of oil storage, exporting outlets Read More »
By Devik Jain (Reuters) -UK shares closed lower on Tuesday, weighed by concerns about a slowdown in global economic growth and a series of negative brokerage actions, while electrical engineering firm Spectris climbed after announcing a unit sale and share buyback. The blue-chip FTSE 100 edged down 0.2%, with spirits maker Diageo, Dove soap maker …
UK shares fall as consumer staples stocks, brokerage actions weigh Read More »
LONDON (Reuters) – Global energy trader Gunvor Group reported a net profit of $726 million for 2021, the highest since 2015, buoyed by its natural gas and liquefied natural gas (LNG) divisions, the company said on Tuesday. The net profit was up from 2020, when the Geneva-based company made $320 million. Revenues totalled $135 billion, …
Energy trader Gunvor reports highest profit since 2015 Read More »
